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#International Relations

Central Bank Digital Currencies And The U.S./China Great Power Competition

The “Great Power Competition” (GPC) is a termed now commonly used to describe the global affairs between the United States and China. A Central Bank Digital Currency (CBDC) being deployed by China could have immense implications for the role of the Dollar as the global reserve currency and the political stability of the US-Chinese relations.

Tensions heighten between the United States and China amid trade wars, COVID-19, a chaotic presidential election period, disputes over Tibet, and increasing pressure at the Taiwan Strait.